Shibarium Marks First Anniversary with 417M Transactions and $12M Secured for Growth

• Shibarium’s first year saw over 417 million transactions and 1.8 million wallets created, with low gas fees maintained.
• The Shiba Inu ecosystem secured $12 million for Shibarium’s future development, focusing on NFTs, games, and a metaverse.
• Shibarium’s continued development is expected to positively impact SHIB and BONE, potentially boosting their market value.

Shibarium, the layer-2 network of the Shiba Inu ecosystem, celebrated its first anniversary since its launch on August 16, 2023. Shibarium has firmly established itself in the crypto space, registering over 417 million transactions and creating 1.8 million wallets. This success has positioned Shibarium as a key player in the ongoing evolution of the Shiba Inu ecosystem.

Impressive Milestones and Future Growth Secured

In its first year, Shibarium handled a staggering volume of transactions and maintained low gas fees, a critical factor in its adoption. Gas fees on Shibarium are paid in BONE, and a portion of these fees is burned, reducing the circulating supply of SHIB tokens. This mechanism is designed to increase SHIB’s value over time, and it has contributed to the network’s sustained activity.

Moreover, the Shiba Inu marketing team, led by Lucie, has secured $12 million for Shibarium’s future development. This financial backing ensures that the network can continue to grow and evolve, with plans already in place to introduce NFTs, games, and a metaverse. These upcoming features are expected to boost user engagement and drive further adoption.

Shibarium’s Impact on SHIB and BONE

Shibarium’s influence extends beyond its transaction volume and wallet creation. The network’s performance has become closely tied to the value of SHIB and BONE, the two main tokens of the Shiba Inu ecosystem. 

At the time of writing, SHIB is trading at $0.00001343, while BONE is valued at $0.3945. The continued development of Shibarium is anticipated to positively impact these tokens, particularly as new features are rolled out.

While the initial surge of activity on Shibarium has leveled off, the network remains full of potential. The upcoming introduction of NFTs, games, and a metaverse could reignite interest and propel Shibarium back to peak activity levels. These developments are expected to not only enhance the network’s functionality but also to strengthen the overall Shiba Inu ecosystem, potentially leading to a rise in the value of both SHIB and BONE.